| Order of the President of the People's Republic of China | | 中华人民共和国主席令 |
| (No. 18) | | （第十八号） |
| The Amendment (XII) to the Criminal Law of the People's Republic of China, as adopted at the 7th Session of the Standing Committee of the Fourteenth National People's Congress of the People's Republic of China on December 29, 2023, is hereby issued, and shall come into force on March 1, 2024. | | 《中华人民共和国刑法修正案（十二）》已由中华人民共和国第十四届全国人民代表大会常务委员会第七次会议于2023年12月29日通过，现予公布，自2024年3月1日起施行。 |
| Xi Jinping, President of the People's Republic of China | | 中华人民共和国主席 习近平 |
| December 29, 2023 | | 2023年12月29日 |
| Amendment (XII) to the Criminal Law of the People's Republic of China | | 中华人民共和国刑法修正案（十二） |
| (Adopted at the 7th Session of the Standing Committee of the Fourteenth National People's Congress on December 29, 2023) | | （2023年12月29日第十四届全国人民代表大会常务委员会第七次会议通过） |
| I. One paragraph is added in Article 165 of the Criminal Law as paragraph 2 and this article is amended to read: “Where a director, supervisor, or officer of a state-owned company or enterprise conducts a business which is similar to that of the company or enterprise where he or she holds a position by taking advantage of his or her position for his or her own account or for the account of any other person, if the amount of illicit benefits obtained by him or her is huge, the director, manager, or officer shall be sentenced to imprisonment of not more than three years or limited incarceration and a fine or be sentenced to a fine only; or if the amount of such illicit benefits is especially huge, be sentenced to imprisonment of not less than three years nor more than seven years and a fine. | | 一、在刑法第一百六十五条中增加一款作为第二款，将该条修改为：“国有公司、企业的董事、监事、高级管理人员，利用职务便利，自己经营或者为他人经营与其所任职公司、企业同类的营业，获取非法利益，数额巨大的，处三年以下有期徒刑或者拘役，并处或者单处罚金；数额特别巨大的，处三年以上七年以下有期徒刑，并处罚金。 |
| “Where any director, supervisor, or officer of any other company or enterprise commits any conduct set forth in the preceding paragraph in violation of any law or administrative regulation, causing any significant loss to the interests of the company or enterprise, he or she shall be punished in accordance with the provision of the preceding paragraph.” | | “其他公司、企业的董事、监事、高级管理人员违反法律、行政法规规定，实施前款行为，致使公司、企业利益遭受重大损失的，依照前款的规定处罚。” |
| II. One paragraph is added in Article 166 of the Criminal Law as paragraph 2 and this article is amended to read: “Where any employee of a state-owned company, enterprise, or public institution falls under any of the following circumstances by taking advantage of his or her position, the employee shall be sentenced to imprisonment of not more than three years or limited incarceration and a fine or be sentenced to a fine only if any significant loss has been caused to the national interest; or be sentenced to imprisonment of not less than three years nor more than seven years and a fine if any especially significant loss has been caused to the national interest: | | 二、在刑法第一百六十六条中增加一款作为第二款，将该条修改为：“国有公司、企业、事业单位的工作人员，利用职务便利，有下列情形之一，致使国家利益遭受重大损失的，处三年以下有期徒刑或者拘役，并处或者单处罚金；致使国家利益遭受特别重大损失的，处三年以上七年以下有期徒刑，并处罚金： |
| “(1) Turning the management of the profitable business of the entity employing him or her over to his or her relative or friend for operation. | | “（一）将本单位的盈利业务交由自己的亲友进行经营的； |
“(2) Purchasing goods or receiving services from an entity managed by his or her relative or friend at a price evidently higher than the market price, or selling goods or providing services to an entity managed by his or her relative or friend at a price evidently lower than the market price.
．．．．．． | | “（二）以明显高于市场的价格从自己的亲友经营管理的单位采购商品、接受服务或者以明显低于市场的价格向自己的亲友经营管理的单位销售商品、提供服务的；
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